Real estate and property transactions worth AED 7.1 billion ($1.93 billion) were recorded in Dubai during the week ending October 7, a report by the Dubai Land Department said. A total of 1,959 transactions comprised 158 plots for AED 586.15 million and 1,307 apartments and villas for AED 3.08 billion....

Brazil's tourism minister has said the country is planning to attract about a million tourists from the Middle East in the next three years by launching more direct flights from the UAE to the Amazon and the northeast regions. Before the pandemic, around 75 percent of the tourist traffic between...

The company expects its operating profits at 15.8 trillion

"Following the completion of the Premier League's Owners' and Directors' Test, the club has been sold to the consortium with immediate effect," the Premier League said. The consortium includes the Saudi crown prince's $430 billion sovereign wealth fund PIF, which is crucial to the country's strategy to create new sectors...

Jordan’s Minister of Planning and International Cooperation Nasser Shraideh, have held discussions with Danish Minister of Development Cooperation Flemming Mortensen and his accompanying delegation to increase cooperation that may increase the volume of joint trade between the two countries.

The MoU was signed at the WETEX and Dubai Solar Show.

The Kuwaiti cabinet has instructed the Public Authority for Agricultural Affairs and Fish Resources to plan for this.

The UAE continues to enjoy high financial solvency as well as a strong credit profile, minister of finance Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said on Thursday. The statement of Al Maktoum, who is also the Deputy Ruler of Dubai and Deputy Prime Minister, comes as the Ministry...

In terms of re-exports, DAFZA grew 24 percent to total AED40.8 billion, representing 20.5 percent of Dubai's total non-oil foreign trade.

The Abu Dhabi Development Fund received a delegation from the Central Bank of Egypt.

Mubadala is biggest shareholder of asset manager Investcorp.

Abu Dhabi-based renewable energy company Masdar on Thursday announced it will develop five solar photovoltaic (PV) projects in Iraq with a combined capacity of 1 gigawatt (GW). The company signed an implementation agreement with Iraq’s Ministry of Electricity and the National Investment Commission to develop a 450-megawatt (MW) plant in...

The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more food locally. Indoor vertical farming is changing the course of agriculture in the GCC and helping to improve food security in the region.

Saudi Arabia banned the major broadcaster, which holds the rights to the English Premier League (EPL) and other top competitions, in 2017 at the start of a diplomatic and transport blockade of Qatar which ended in January. "Saudi Arabia's 4.5-year illegal ban on beIN is going to be reversed," a...

The Muscat Stock Exchange closed on Wednesday, up 0.17%, or 6.9 points, from the previous trading session, which amounted to 3,947 points, after Cyclone Shaheen forced its closure.

Jebel Ali Free Zone has been buzzing with activity this year because of a huge jump in the number of companies setting up businesses in Dubai’s state-owned flagship business park this year.

BitOasis, the UAE-based crypto trading platform, has obtained $30 million in funding, and intends to use the capital to expand its footprint across the MENA region.

Dana Gas, the UAE-based natural gas company, has seen its earnings double from its operations in Egypt and Iraqi Kurdistan so far this year.

The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start of 2020.

Apicorp is a multilateral development financial institution.

Entities registered with the Abu Dhabi Global Market or ADGM will now be able to offer and list shares on UAE capital markets.

KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of Commerce and Industry have discussed ways of boosting cooperation and promoting investment opportunities in the two countries. The discussion happened at a meeting attended by Abdullah Mohamed Al Mazrouei, Chairman...

The punishments could include monetary penalties, imprisonment, and then subsequent deportation.

The Federal Board of Investment of Pakistan has invited auto-sector investors to set up business within the country.

DUBAI: Etihad Credit Insurance (ECI), a UAE Federal export credit company, and Bpifrance Assurance Export, a French export credit agency, have signed a reinsurance agreement to increase joint Emirati and French projects globally. The two agencies will work towards pursuing strategic collaboration in areas such as exploration of mutual opportunities...

Data analysts are already helping businesses set marketing strategies, explains Jadd Elliot Dib, founder and CEO of Pangaea X.

Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in the neighboring United Arab Emirates.

Jabal Omar Development Company, one of Saudi Arabia's largest-listed property developers, has signed a deal to restructure a SAR 4.7-billion ($1.25-billion) loan agreed in 2015, including by increasing it and extending the maturity. The facility, provided by Saudi British Bank (SABB) and Samba Financial Group, will have a draw limit...

Bidfood UAE is part of the Bidcorp Group, and has officially been chosen to distribute the Impossible Burger across the UAE.

Companies in the United Arab Emirates are looking to increase their revenues by as much as 50 percent and recruit more staff in the next 12 months as the economy shows signs of rebound from the Covid pandemic.

S&P Global Ratings has forecast that private sector lending will remain muted for one to two years in GCC countries. But, it added, that Saudi Arabia might buck the trend.

Egypt and Saudi Arabia have signed a $1.8 billion electricity interconnection project that aims to exchange some 3,000 MW during peak times.

The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and protect the market against risks.

Fertiglobe is a fertilizer partnership of Adnoc and OCI.

The law to include features of gold-standard data protection regulations such as Europe's GDPR (General Data Protection Regulation), the UK's Data Protection Act, the DIFC's Data Protection Regulation and the ADGM's Data Protection Regulation.

Last few years have seen a lot of tension between governments and central banks around the world, on the one hand, and investors in digital currencies, on the other, as the conflict escalated after cryptocurrencies hit record highs, especially with the rise of the Bitcoin.

The DMCC welcomed around 1,800 companies to Dubai from Q1 to Q3 this year.

Alturki Holding oil arm, the Saudi Sawafi company, has bought out Newsco, the US drilling services company, for an undisclosed sum of money.

The Central Bank of the United Arab Emirates has penalized six exchange houses for flouting rules to combat money laundering and illicit financial flows.

Home buyers in the Middle East are looking to settle in rural areas and possess bigger homes than they have at present. This conclusion was drawn in a new survey by global consultancy firm Knight Frank.

Talaat Moustafa Group, the Egyptian real estate company, is looking to expand into Saudi Arabia and Iraq to take advantage of the demand for housing there.

The Red Sea Development Company (TRSDC) of Saudi Arabia has partnered with an Austrian biotechnology firm, Blue Planet Ecosystems (BPE), to produce seafood, and to conduct algae production in a desert environment.

Sales soared between June 2020 and June 2021 as auctioneers quickly adopted a more online approach.

The company expects to sell 30 percent of its shares in the offering.

Together, the airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations.

Alcogal created offshore shell companies to hide money in tax havens for politicians and public figures. They included "some accused of looting their countries," according to the International Consortium of Investigative Journalists, which obtained the leaked documents as part of the Pandora Papers, published Sunday.

The 5th edition of the AVSEC Global Symposium, which started on Sunday in Dubai, brought together globally recognized security experts, local and international government officials.

Announced in the early 1980s, the project for a refinery in southern Libya had been put on hold for years before being revived in 2017. Libya, which has the most abundant oil reserves in Africa, has been trying to emerge from a decade of chaos since the fall of Moamer...

The United Arab Emirates Expert Group for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) has continued to hold productive meetings with key partners to discuss AML/CFT matters.

Mace, the global construction company, will be working on a big lifestyle destination project in Riyadh, its developer Majid Al-Futtaim said.